To make a bid you have to post in this thread here and say how much you bid.Only condition: every bid has to be at least 1 USD higher than the previous one.

After the auction is over, I will pm the highest bidder and will send him 5000 BTC, then I will wait until the bidder has transfered his money to my paypal account and will then send the other 5000 BTC. This is necessary to protect me from false/joke bidders.

You're right but most of you live outside Germany or even outside the EU so the money transfer via mail is expensive and takes much much longer than a paypal tranfser. Additonally I don't think that there is actually a need of being anonymous at this auction.Everything is pseudonymous here and so is paypal (in a certain manner).

But I see the problem in a lack of interest in receiving BTC, not in how the people have to pay them.

Maybe I will start an "opposite auction" (aution USD/EURO off and people can bid BTC) next week, we'll see.

$50 is somewhat of a high starting bid considering there is over ฿22,000 available for not much more per bitcoin than your starting bid. Not to mention that realistically there's probably a lot more than ฿22,000 available because if somebody bought a bunch of those bitcoins, I'm sure some people would step forward to sell more bitcoins. Anyway, I'll bite for sake of the experiment. I bid $25. How about you change the minimum bid to $30 and tell us a maximum time between bids. Perhaps three days?

[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month][This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month][This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]

This is unbelievable. I wonder if the OP ever sold his BTC. Hopefully he got a fair price.

A Personal Quote on BTT from 2011:"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00. Otherwise I'll just have to live with my 5 BTC and be happy. :/" ...sigh. If only I knew.

Had you known about Bitcoin back then, you would have thought (like everyone else) that it wasn't worth bidding $50 for smoketoomuch's 10000 BTC.

In 2012, people have exactly the same opportunity as they had back then. If they have $100 to invest, they can buy $100 worth of Bitcoins if they think Bitcoin's value will increase in the future. If the price goes up 500%, the 2012 investor makes exactly the same on their $100 investment as the previous investors would have made if the price went up by the same amount. The number of coins involved is irrelevant - the only thing that counts is the % increase in value.